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the debt ceiling cycle looming should these shenanigans change so you invest? joining me now is our senior portfolio manager. martin, and david, ceo of mcilvaine the financial group. bob, what is your biggest concern what is going on in washington and the impact of the market? >> the one where it is uncertainty. that is what we have got with a government shutdown. what does this mean for the debt ceiling? how much noise will there be does it do intermediate dage that is frail to begin with? those are the questions investors face. gerri: in addis boehner is headed to the lectern he said sometng that is news breaking we welcome back and the you know, but looking at the list of things that will be cut and it just doesn't sound that important to especially if you consider that service members it is one idea both the house in the senate can sign onto. is cutting government that bad of idea? >> it is never a good a deal because we rely on foreigners to invest in one of the reasons why our interest rates are so low apart from the fed of course, that the chinese are bi
the debt ceiling cycle looming should these shenanigans change so you invest? joining me now is our senior portfolio manager. martin, and david, ceo of mcilvaine the financial group. bob, what is your biggest concern what is going on in washington and the impact of the market? >> the one where it is uncertainty. that is what we have got with a government shutdown. what does this mean for the debt ceiling? how much noise will there be does it do intermediate dage that is frail to begin...
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the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it was republicans will get their day with the debt ceiling. now they will get their day with government shut down. >> you would chat with folks at the white house and president bush indicated this in the press conference he held. there two different things. the debt ceiling will be at risk for the country's well being. after all it was in 1995, 1996 there was a federal government shut down and they butted heads and the economy survived. when we had the debate over the debt ceiling that led to the downgrade. they are two different fights and the republicans might be willing to fight on another one. there won't be as big of a risk short-term to the u.s. economy. >> thank y
the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it was republicans will get their day with the debt ceiling. now they will get their day with government shut down....
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right now they should act responsibly and deal with a responsible budget, deal with the debt ceiling down the road, and get off this ridiculous idea. ecause the president talks about 30 million people that wouldn't get health care. but there is more than that, heavy. do the republicans want to go back to the time when a person with a preexisting illness could not get health care? do they want to go back to the time when someone who has health care but gets sick can be dropped? >> right. >> do they want to go back to the time when people have caps on how much the health insurance companies have to spend -- >> and a limit on young people being cut off early. >> right. they're crazy if they want to go back to that. and the american people, first of all, they hate this type of confrontation. if the republicans in the house go through with this, rev, they will pay. and i believe they will lose the majority in the house in the 2014 election. it's insane for them to do it. it's strong for them politically. but most importantly, it's bad for the country. >> nia, do you believe if they go thr
right now they should act responsibly and deal with a responsible budget, deal with the debt ceiling down the road, and get off this ridiculous idea. ecause the president talks about 30 million people that wouldn't get health care. but there is more than that, heavy. do the republicans want to go back to the time when a person with a preexisting illness could not get health care? do they want to go back to the time when someone who has health care but gets sick can be dropped? >> right....
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in the midst of that political uncertainty over the budget, over the debt ceiling, does not help. the government shutdown is bad enough, but failure to raise the debt ceiling would be far worse. and could very seriously damage not only the u.s. economy, but also the entire global economy. you know, people around the world are confused. they're bemutzed, but they're certainly not amused by what is happening in this country because it will affect the global economy if it were to materialize. but i personally have huge trust in policy makers and i hope very strongly they will find a way to resolve this issue. now this is mission critical this be resolved as soon as possible. mission critical. japan, also needs a credible plan to bring down its debt. does any of you know how much is the japanese debt relative to gdp? roughly? what did you say? huh? >>. [ participant off-mic ] >> 250%. pretty good, pretty close. that's roughly $90,000 per capita. each japanese baby was born, not too many of them, unfortunately, that's another issue, is born with a debt burden of $90,000. the initial co
in the midst of that political uncertainty over the budget, over the debt ceiling, does not help. the government shutdown is bad enough, but failure to raise the debt ceiling would be far worse. and could very seriously damage not only the u.s. economy, but also the entire global economy. you know, people around the world are confused. they're bemutzed, but they're certainly not amused by what is happening in this country because it will affect the global economy if it were to materialize. but...
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Mar 2, 2013
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the debt ceiling in august 2011. or go over the fiscal cliff in january of 2012. and we delayed the debt ceiling fight that we're supposed to be having right about now. but today, this sequester, this really bad thing that all sides agree is a really bad thing is happening. even though all sides agree it shouldn't happen. and president obama and speaker boehner publicly say they don't want it to happen. this is the first time we actually let one of these happen. what is stopping the sequester from being stopped? there is one thing, one single policy decision that lies at the heart of the washington crises. it is the same thing that made the super committee fail and the grand bargain fail and that led to this debacle that led to this sequester. it is the republicans' insistence, combined with the utter refusal to make it part of a deal. it is true, house republicans did declare to let them raise the taxes by 6 billion, grover norquist agreed to score that one as a tax cut. before that happened, they rejected that one
the debt ceiling in august 2011. or go over the fiscal cliff in january of 2012. and we delayed the debt ceiling fight that we're supposed to be having right about now. but today, this sequester, this really bad thing that all sides agree is a really bad thing is happening. even though all sides agree it shouldn't happen. and president obama and speaker boehner publicly say they don't want it to happen. this is the first time we actually let one of these happen. what is stopping the sequester...
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ceiling or the funding of the government as a gun to try to shoot down any piece of legislation they don't like but there is this faction within the republican party that they see obama as a communist some even call him the anti-christ it's that extreme and they are willing to go around the constitution go around their own ideology in order to oppose what they see as the centerpiece of the obama agenda the affordable care act is another thing going on here the republican party's future is very grim demographically their base is white protestants as i noted in my book that is the most shrinking part of the american electorate the rising part of the electorate is racial and ethnic minorities and the non-religious so the republicans time is numbered in trying to do everything they can with every tactic they have to try to advance their ideological agenda while they still have a modicum of power we see that in washington and we see that in the states with things like voter suppression laws with things like extremely restrictive anti abortion laws they want to kind of go out like a supern
ceiling or the funding of the government as a gun to try to shoot down any piece of legislation they don't like but there is this faction within the republican party that they see obama as a communist some even call him the anti-christ it's that extreme and they are willing to go around the constitution go around their own ideology in order to oppose what they see as the centerpiece of the obama agenda the affordable care act is another thing going on here the republican party's future is very...
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ceiling that's coming down the road republicans are again threatening to hold the debt ceiling and thus the american economy and the american people hostage over funding obamacare what do you think about this latest obamacare ploy by your colleagues in the house your republican colleagues. well it's a desperate hail mary attempt to cynically prevent merik. since from getting health coverage health care and the care they need to stay healthy and alive what's happening now is that with the full faison of the affordable care act more and more people are being eligible and qualified to get coverage when they get sick now they can see a doctor and coverage is becoming more and more affordable the kaiser foundation which provides one of the largest health groups in the country for managed care has analyzed the plan and says that within a few months americans are going to get an average twenty four hundred dollars discount on their medical insurance and that's going to make health care affordable for virtually everyone in america no middle class american will have to pay more than eleven perce
ceiling that's coming down the road republicans are again threatening to hold the debt ceiling and thus the american economy and the american people hostage over funding obamacare what do you think about this latest obamacare ploy by your colleagues in the house your republican colleagues. well it's a desperate hail mary attempt to cynically prevent merik. since from getting health coverage health care and the care they need to stay healthy and alive what's happening now is that with the full...
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will stop being able to borrow money, in effect, because the debt ceiling will have been reached. you've been through this game many times when you worked on the hill, you worked in the white house. the president is laying down let's say this red line and it's going to be a tough situation. >> well, as with any red line the president sets, you never really know where it's going to lead. for example, when the president was a united states senator, of course, he opposed raising the debt limit and said raising the debt limit is >>> he's taken a different position. at the end of the day, the country's not going to default. we're going to attach something moderate and modest to the debt limit. i think that's where it's going to go. let me go back to the health care. i run a small business, i have two full-time employees, a provide health care, full health insurance to both of them. i went on the page as the president spoke, i got an electronic runaround. i hope everybody clicks on it and sees if it works. it doesn't. i tried to figure out what policies to provide for my employees and f
will stop being able to borrow money, in effect, because the debt ceiling will have been reached. you've been through this game many times when you worked on the hill, you worked in the white house. the president is laying down let's say this red line and it's going to be a tough situation. >> well, as with any red line the president sets, you never really know where it's going to lead. for example, when the president was a united states senator, of course, he opposed raising the debt...
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then talk overnight this shutdown could last two weeks into the debt ceiling negotiations. that's not priced into the market. you see the dow down earlier on. we started turning around when the president announced later on he was going to meet with congressional representatives and also a letter from senator reid to speaker boehner offering to have discussions on budget cuts if they reopened the government. now, at least can you have a negotiation on budget cuts. be tough other just getting rid of obama care. that's why the market lifted in the middle of the day. the major indices, all to the downside, fractionally what's going on, and you see what's weighing on stocks today. back to you. >> thank you very much. >> president obama telling john harwood exclusively this afternoon that he is exasperated over the shutdown. he had much more to say about congress and the economy. john joins us from that interview. john? >> reporter: bill, in 90 minutes speaker boehner and congressional membership will be here to meet with president obama. i asked what he was willing to negotiate
then talk overnight this shutdown could last two weeks into the debt ceiling negotiations. that's not priced into the market. you see the dow down earlier on. we started turning around when the president announced later on he was going to meet with congressional representatives and also a letter from senator reid to speaker boehner offering to have discussions on budget cuts if they reopened the government. now, at least can you have a negotiation on budget cuts. be tough other just getting rid...
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how bad might things get for the markets before a debt ceiling deal? according to cramer, really good pee cnbc.com article, really bad. see why we may be putting the labor department out of business. and the furor over fifa. soccer's governing body may be on the verge of admitting making a terrible mistake. and they may pull the world cup out of the country getting ready to host the world's biggest tournament. michelle is filling in. >> take a look at what the major averages are doing now. dow is higher by 70 points. nasdaq is up 33. russell higher by nine. the ten-year gold and oil at this hour, ten-year yield is at 2 prn -- 2.6 5%. volume dilt index is up 8% this we week. i'm not talking about a huge spike. speaking of volatility, when it comes to protecting individual investor, this is mad money man jim cramer last night. >> i, like you, am tired of hearing neither side wants to negotia negotiate. i like you think nothing will get done until we are at a hardship. you know what moment we are at? the moment we start. the moment we start cutting the ea
how bad might things get for the markets before a debt ceiling deal? according to cramer, really good pee cnbc.com article, really bad. see why we may be putting the labor department out of business. and the furor over fifa. soccer's governing body may be on the verge of admitting making a terrible mistake. and they may pull the world cup out of the country getting ready to host the world's biggest tournament. michelle is filling in. >> take a look at what the major averages are doing...
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but the ryan budget also contained a trajectory to bring the debt down. if the president will work with us to bring the debt down, which he did in august of 2011, to his credit, then i think we can arrive at a deal. but the idea that i'm not going to talk to anybody -- you can talk to the iranians, you can talk to the russians -- >> i've heard that talking point a lot. >> it's a good talking point. >> it is a good talking point, but that's what it is. >> it's the truth. >> what is the negotiation? this is what i fail to see. it's catastrophic not to raise the debt ceiling, as you've said and as economists say, so why not just raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy,
but the ryan budget also contained a trajectory to bring the debt down. if the president will work with us to bring the debt down, which he did in august of 2011, to his credit, then i think we can arrive at a deal. but the idea that i'm not going to talk to anybody -- you can talk to the iranians, you can talk to the russians -- >> i've heard that talking point a lot. >> it's a good talking point. >> it is a good talking point, but that's what it is. >> it's the truth....
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they told us they don't see much reason to try to make the government funding bill or debt ceiling right now contingent on obama care. they feel the white house is doing enough damage to themselves, they don't have to try to step in on that. >> who's that on your left arm? >> that is saint francis desals. >> patron saint of reporters. >> can you show -- >> good piece of ink, next time we have you on, we'll find out whether you have more tattoos or more skull rings. that's a macro tease for the next time you're on the cycle. up next, just released for the 50th anniversary, for the first time ever, time life has a frame by frame analysis of that iconic and tragic footage and the president paid tribute to the man who came before him. a look at that as "the cycle" rolls on, november 20th. i like a clean kitchen. i don't do any cleaning. i make dirt. ♪ very, very heavy. i'm not big enough or strong enough for this. there should be some way to make it easier. [ doorbell rings ] [ morty ] here's a box, babe. open it up. oh my goodness! what is a wetjet? some kind of a mopping device. there's
they told us they don't see much reason to try to make the government funding bill or debt ceiling right now contingent on obama care. they feel the white house is doing enough damage to themselves, they don't have to try to step in on that. >> who's that on your left arm? >> that is saint francis desals. >> patron saint of reporters. >> can you show -- >> good piece of ink, next time we have you on, we'll find out whether you have more tattoos or more skull rings....
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regardless, tell us which are message to washington is when it comes to shut down and the debt ceiling. here is your chance to do so. guest: for republicans, host: for democrats --(202) 737-0001 for democrats, (202) 737-0002 for republicans, you can reach out to us on social media, on twitter, http://twitter.com/cspanwj, and you can always send us an e-mail at journal@c-span.org. all of the papers dealing with this issue, some from across the united states going back to "the chicago tribune," the headline is "obama will not pay ransom, boehner won't surrender." "obama onami herald," shutdown, apologies and blame." "insists he won't negotiate" is the subhead. and hints ofs, compromise, from "the richmond times dispatch." to get the latest on what is coming on when it comes to discussions not only about the shutdown, not only about the joseph,ling, is cameron their political reporter on "the hill." hello. caller: thank you for having me. both there is a sense that sides are hardening their position, or the compromises coming. which is more accurate at this point? i think that they are bo
regardless, tell us which are message to washington is when it comes to shut down and the debt ceiling. here is your chance to do so. guest: for republicans, host: for democrats --(202) 737-0001 for democrats, (202) 737-0002 for republicans, you can reach out to us on social media, on twitter, http://twitter.com/cspanwj, and you can always send us an e-mail at journal@c-span.org. all of the papers dealing with this issue, some from across the united states going back to "the chicago...
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we are not seeking to have the debt ceiling expire. we want to have negotiations to be able to put together the kinds of fiscal reforms that should always accompany extensions of the debt ceiling. i believe the reason that congress put statutory debt ceilings in place in the first place was because they wanted to give america a gut check every so often about the spending problems that we have. we have put almost half of the entire spending system of the government on auto pilot, and we don't even have the opportunities to vote on it here in congress. madam president, ultimately we have to deal with the debt ceiling and ultimately we have to deal with the funding to keep our government operational. let's not just move forward and accomplish those objectives. leaving in place the unrestrained fiscal crisis that we are dealing with in this country. let's use this opportunity to put together the kinds of fiscal reforms that should accompany decisions to allow our country to increase its debt. and with that, madam president, i yield my time
we are not seeking to have the debt ceiling expire. we want to have negotiations to be able to put together the kinds of fiscal reforms that should always accompany extensions of the debt ceiling. i believe the reason that congress put statutory debt ceilings in place in the first place was because they wanted to give america a gut check every so often about the spending problems that we have. we have put almost half of the entire spending system of the government on auto pilot, and we don't...
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the fight over debt ceiling, government shutdown, sequester, taxes all that continues. meetings between the gang offing eight and white house negotiators broke down. all that and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone i'm larry kudlow. this is the cut low report. you heard my interpretation of today's speeches. john kerry talked tough in a stroke and brilliant speech. president obama on the other hand seemed to walk it back. let's go cnbc john harwood. he's live in washington for us this evening. first of all, thank you, john and second of all, good evening. what can you tell us? >> reporter: i don't think president obama was walking back those remarks from john kerry. they had different missions. we saw an acceleration of a momentum for a military strike on syria. john kerry came out saying the u.s. had evidence that syria had weapons to kill 1400 people. president obama tried reassure the american people that any u.s. response would not be open ended like the war in iraq. >> without considering any open ended commitment,
the fight over debt ceiling, government shutdown, sequester, taxes all that continues. meetings between the gang offing eight and white house negotiators broke down. all that and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone i'm larry kudlow. this is the cut low report. you heard my interpretation of today's speeches. john kerry talked tough in a stroke and brilliant speech. president obama on the other hand seemed to walk it back....
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and we have the threat of shutting down government and not raising the debt ceiling. this was a do-nothing congress. and now it is going to something worse. it's an aimless congress that is falling into chaos. it's a make matters worse congress. >> yikes. nancy pelosi christening this congress the make matters worse congress. make matters worse how, exactly? now, i mentioned that this congress did manage to get a few important things accomplished before they skipped town today. but they also left a few things rotting in the refrigerator. during that press conference today nancy pelosi predicted that congress would not be able to pass a farm bill before the current farm bill expires on october 1st. now, you may remember that republican house speaker john boehner failed miserably to pass a farm bill earlier this summer. a farm bill that he supported was defeated by members of his own party. democrats oppose that farm bill at the time because it gutted the food stamps program that low-income families across the country rely on every single day. republicans at that time p
and we have the threat of shutting down government and not raising the debt ceiling. this was a do-nothing congress. and now it is going to something worse. it's an aimless congress that is falling into chaos. it's a make matters worse congress. >> yikes. nancy pelosi christening this congress the make matters worse congress. make matters worse how, exactly? now, i mentioned that this congress did manage to get a few important things accomplished before they skipped town today. but they...
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was worth it to make a point or even as reckless as it is to go over the line on the debt ceiling in ways that we don't even want to contemplate. i think we're reaching a point now where there is some really productive discussions. but i guess i see it differently in terms of how we arrived here. but i'm hoping that by tomorrow morning, we'll have some details and maybe have some votes tomorrow. but we're really low on time now. >> i think it's fair to say, senator, that the final arrival is a lot different than the very beginning of this voyage. but we'll put that aside. i want to ask you about something. i don't know if it's true. it's been widely touted in some blogs and so forth. there's going to be a budget deadline, a longer-term budget deadline in mid december. some people are saying december 13th. it looks a lot suspiciously like another super committee like we had a couple of years ago. and that in turn suggests that in about, what, 2 months, 2 1/2 months, we're going to have another fiscal cliff moment. is that possible? >> it's certainly possible, larry, because things are
was worth it to make a point or even as reckless as it is to go over the line on the debt ceiling in ways that we don't even want to contemplate. i think we're reaching a point now where there is some really productive discussions. but i guess i see it differently in terms of how we arrived here. but i'm hoping that by tomorrow morning, we'll have some details and maybe have some votes tomorrow. but we're really low on time now. >> i think it's fair to say, senator, that the final arrival...
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Oct 15, 2013
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three mile island melted down on a wednesday. the debt ceiling deadline was the following tuesday. congress waited until the day before the debt ceiling deadline to finally raise the debt ceiling. and no, the republicans did not get their balanced budget amendment. they got some sort of meaningless, symbolic promises in that direction, but they did ultimately raise the debt ceiling. turns out, though, they did not raise it fast enough. they got too close. the fact that they waited until the very last minute had really big consequences, and i think part of the reason that this has been sort of lost to history is that nobody was paying attention to it at the time that it happened, because there was something else to pay attention to. there was a legit nuclear meltdown, a nonmet yorkal nuclear meltdown on u.s. soil at the same time. so, this is what everybody was talking about and paying attention to at the time. but looking back at it now from this distance, we can see that what congress was doing, while the country was freaking out about that nuclear reactor in pennsylvania, ends up
three mile island melted down on a wednesday. the debt ceiling deadline was the following tuesday. congress waited until the day before the debt ceiling deadline to finally raise the debt ceiling. and no, the republicans did not get their balanced budget amendment. they got some sort of meaningless, symbolic promises in that direction, but they did ultimately raise the debt ceiling. turns out, though, they did not raise it fast enough. they got too close. the fact that they waited until the...
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Jan 24, 2013
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starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know, in a way don't blame them for that. it's a harmless game. there are harmful games and harmless games. that was a relatively harmless one. obama also supported the passage of this, john, i think that if it had been in danger i think enough democrats would have switched over and voted yes. i think they were just trying to make a point. >> john: that makes me feel better. but let me ask you something the number one criticism from my republican friends has been so budget has been passed. why can't you democrats pass a budget how shameful. how should democrats respond to this? >> well, it is true that they haven't passed a budget. you can say that mat
starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know, in a way don't blame them for that. it's a harmless game....
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ceiling again. now, maybe the republicans will back down. they're saying they'll last for another $2 trillion in cuts beyond what we've already done if you need a dollar-for-dollar reduction for debt ceiling increase. that's not doable. simply not doable. >> negotiate on the debt ceiling. the president should not negotiate on the debt ceiling. if this budget is part of a negotiation, that's a the wrong strategy. they're saying they won't negotiate on the debt ceiling and they shouldn't because every time -- >> okay, but this is my frustration with that, because i heard that line in december in the run-up to the fiscal cliff talks. when the deal was cut on new year's eve, five minutes before new year's eve, the line was, you know, they did not include a faux long-term extension of the debt ceiling, they did not address sequestration -- >> two months. >> there was business in that. >> and, and, and, instead of extending the bush tax cuts for people under $400,000 for a year so that they would have bar
ceiling again. now, maybe the republicans will back down. they're saying they'll last for another $2 trillion in cuts beyond what we've already done if you need a dollar-for-dollar reduction for debt ceiling increase. that's not doable. simply not doable. >> negotiate on the debt ceiling. the president should not negotiate on the debt ceiling. if this budget is part of a negotiation, that's a the wrong strategy. they're saying they won't negotiate on the debt ceiling and they shouldn't...
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so, shall we look forward to another slow jam with jimmy fallon during the debt ceiling debate? anything he says in this type of forum as entertaining as it might be ends up being trivialized. part of a nonstop celebrity tri that dumbs down issues and insulates the president from proper journalistic inquirery. -- inquiry. a brand new fox news poll shows that 52% of registered voters disapprove of the job obama is doing. that matches his previous record of a high disapproval rating in september 2010. his approval rating also takes a hit this week 42% approve, that's down from 46% at the end of last month. now, on to reaction. you add that to president obama's changing tune on the war on terror, and what do you have? joining us now from l.a., christian widen, a former state department senior advisor under president george w. bush and here in the studio with me simon rosenburg the president and founder of indian center left think tank. okay. first of all, your reaction to talking points memo. the president kind of bypassing the white house press corps. no press conference, shutteri
so, shall we look forward to another slow jam with jimmy fallon during the debt ceiling debate? anything he says in this type of forum as entertaining as it might be ends up being trivialized. part of a nonstop celebrity tri that dumbs down issues and insulates the president from proper journalistic inquirery. -- inquiry. a brand new fox news poll shows that 52% of registered voters disapprove of the job obama is doing. that matches his previous record of a high disapproval rating in september...
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Jan 27, 2013
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and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his fault, he has to lead the country. the nation is in an interesting position, where the right has turned very right and the red has turned very red and the blue is very blue. but on issues like immigration and the budget, i think there is a chance to move forward and i think the democrats on the hill will urge the president to work in a more bipartisan fashion, because if you look at the senate races in 2014, there is a lot of democratic senator who is have to get re-elected in swing or red states. so i think political reality is this -- they have to come together to get some things done or both sides wi
and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his...
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Sep 13, 2013
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. >> we will not -- >> with potential for a government shut down and looming debt ceiling fight. >> the truth is stranger than fiction. the obama administration's pressure on the assad regime in syria resulted in the syrian government joining the united nations chemical weapons convention today. leaving only six countries in the world that have not signed on to the chemical weapons convention. this afternoon the syrian ambassador to the united nations, made this announcement. >> with this -- the chapter of the so-called chemical weapons -- should be ended. and legally speaking, syria has become, starting today a full member of the convention. >> the u.n. secretary-general, ban ki-moon said he received a letter from the government of syria informing him that president al assad has signed the legislative decrease. the secretary of general welcomes this development. the chemical weapons convention, prohibits the development, production, acquisition, stockpiling, pretension, transfer, by state parties. as a member syria will create a plan for destroying its chemical weapons. in geneva secre
. >> we will not -- >> with potential for a government shut down and looming debt ceiling fight. >> the truth is stranger than fiction. the obama administration's pressure on the assad regime in syria resulted in the syrian government joining the united nations chemical weapons convention today. leaving only six countries in the world that have not signed on to the chemical weapons convention. this afternoon the syrian ambassador to the united nations, made this announcement....
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Jan 4, 2013
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two senators are making that threat and speaker john boehner says he's ready to use the debt ceiling fight to get the spending cuts he wants. >>> also, a few days late, but the house finally voted for aid to hurricane sandy victims. you'd think a no-brainer. but they promised to punish members for approving the aid and 67% of house republicans voted no. we're going to ask an opponent of aid to confirm that one. now the senate is looking for inappropriate access. leave it to vice president joe biden. >> hey, mom. how are you? >> good to see you. i'm joe biden. >> his glad handing yesterday has drawn snickers from critics, but let's praise the vice president for showing the world how to get it done. for being a pa. >>> finally, michelle bachmann. we begin with the republicans threatening to shut down the government if they don't get the spending cuts they won.
two senators are making that threat and speaker john boehner says he's ready to use the debt ceiling fight to get the spending cuts he wants. >>> also, a few days late, but the house finally voted for aid to hurricane sandy victims. you'd think a no-brainer. but they promised to punish members for approving the aid and 67% of house republicans voted no. we're going to ask an opponent of aid to confirm that one. now the senate is looking for inappropriate access. leave it to vice...
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Oct 10, 2013
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in 2011 we did not reach a debt ceiling at all not for a moment, day, 15 minutes. it cost us $19 billion. >> because we. that close. you go over. the way to imagine it. i am going to burn down the house. you are not giving me what you want. that's terrible. it is your house. don't worry i will run in while it is burning down and get everything of value out of it. that is not a safe place. and we have computer systems built to pay bills on time. only thing the computer systems do. their argument is when we do this, go over the limit we rewrite the computer systems, redo the programming and get them to choose who to pay and not to pay. if we miss one all the actual consequences fall on our head. even if we don't. we go to do something the market never thought we could do. do 75% t 50% of the freaking out the market. they're looking into the future. you have now told them you are not dependable anymore. you have done something you would never consider doing. the idea that we will escape without consequence is lunacy. >> the president is like an airplane pilot, running
in 2011 we did not reach a debt ceiling at all not for a moment, day, 15 minutes. it cost us $19 billion. >> because we. that close. you go over. the way to imagine it. i am going to burn down the house. you are not giving me what you want. that's terrible. it is your house. don't worry i will run in while it is burning down and get everything of value out of it. that is not a safe place. and we have computer systems built to pay bills on time. only thing the computer systems do. their...
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Oct 7, 2013
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another 9 or 10 days we're going face a debt ceiling expiration. it's basically america's mortgage. we have to extend our mortgage. we borrow money to manage our government, fight way -- waringwars, pay our military. do the most basic things. we have to have authorization from the government. that's the debt ceiling. many of the same senators and congressman who voted for the spending now will not vote to pay the bill. that's like eating the big meal at the restaurant then when the waiter brings the check say i about paying. how long would that last? that's what many are suggesting when they say we're not going extend the debt creaming. they have eaten the meal they don't want to pay the bill. it what about first time in the history of the united states we would default on the national debt. the first time we would basically violate the full, faith, and credit of the united states of america. it has the consequences. the last time the tea party did this. america's credit rating suffered. what happens when our credit rating suffers? the interest rates we pay go to up. tax payers are
another 9 or 10 days we're going face a debt ceiling expiration. it's basically america's mortgage. we have to extend our mortgage. we borrow money to manage our government, fight way -- waringwars, pay our military. do the most basic things. we have to have authorization from the government. that's the debt ceiling. many of the same senators and congressman who voted for the spending now will not vote to pay the bill. that's like eating the big meal at the restaurant then when the waiter...
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Jan 7, 2013
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economic counted down clock is ticking down on the next potential crisis over the debt ceiling and sequester cuts. today an interview that raised eyebrows all over the city especially among republicans. correspondent shannon bream reports on the inside look on president's spending. >> with the last fiscal deal they are gearing up. as one of the key players talk about what happened the last time around. in an interview, house speaker says, quote at one point several weeks ago the president said to me, we don't have a spending problem. boehner says he was stunned and repeatedly push the issue with the president. he says mr. obama grew irritated and said i am tired hearing you say that. there is no give to the president's advantage and he won't hold any more closed door meetings with the president because he called it futile. the president vowed there will be no debate whether to raise the nation's already exceeded debt ceiling. a key thing that republicans will give them much better positioning as the u.s. hovered dangerously close to the fiscal cliff. the two sides don't agree whether tax rev
economic counted down clock is ticking down on the next potential crisis over the debt ceiling and sequester cuts. today an interview that raised eyebrows all over the city especially among republicans. correspondent shannon bream reports on the inside look on president's spending. >> with the last fiscal deal they are gearing up. as one of the key players talk about what happened the last time around. in an interview, house speaker says, quote at one point several weeks ago the president...